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Banco Macro SA (BMA.BA)

BMA.BA on Buenos Aires Stock Exchange

16 Oct 2018
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Latest Key Developments (Source: Significant Developments)

EMERGING MARKETS-Argentina's peso firms over 6 pct, Mexican peso flat

MEXICO CITY, Aug 31 Argentina's battered peso rebounded on Friday, firming more than 6 percent, after the central bank auctioned $250 million in dollar reserves and the International Monetary Fund (IMF) expressed its support for President Mauricio Macri's government. The currency weakened 20 percent on Wednesday and Thursday alone after Macri said he would ask the IMF to advance disbursements under a $50 billion financing deal, sparking investor concern that Latin America's N